Biden draws line on climate with oil-lease pause, subsidy review
Jennifer A. Dlouhy and Ari Natter, Bloomberg
Jan. 27, 2021
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President Biden with President Harris, left, in the State Dining Room of the White House in Washington on Jan. 21, 2021.Bloomberg photo by Al Drago.
President Joe Biden will take executive action on Wednesday to combat climate change, including temporarily blocking new leases for oil drilling on federal lands, ordering a review of fossil-fuel subsidies and other measures to overhaul the U.S. energy mix.
Biden will sign broad-ranging directives instructing federal agencies to consider climate change in everything from government purchases to national security. He will order U.S. intelligence authorities to estimate how climate change affects national security and tell agencies to do a better job assessing the threat.
Biden says climate policies will add U.S. jobs, improve health
Justin Sink, Jennifer A. Dlouhy, Ari Natter and Jennifer Epstein, Bloomberg News
Biden s green agenda could create real opportunity for Canadian investors: AIMco chair VIDEO SIGN OUT
President Joe Biden depicted his climate policies as an employment plan for the U.S., arguing that fighting warming global temperatures and carbon pollution by improving infrastructure and transportation technology will add millions of jobs.
âToday is climate day at the White House which means that today is jobs day the White House,â Biden said Wednesday.
In the short-term, however, the president took a series of actions regarded as adversarial by the fossil fuels industry, among them halting the issuance of new oil and natural gas drilling leases on federal lands. His administration seeks to leverage federal regulations and purchasing power to fight climate change.
by Bloomberg
|Wednesday, January 27, 2021
Biden played up his climate policies as a source of new jobs, but energy companies and Western state officials beg to differ.
(Bloomberg) President Joe Biden depicted his climate policies as an employment plan for the U.S., arguing that fighting warming global temperatures and carbon pollution by improving infrastructure and transportation technology will add millions of jobs.
“Today is climate day at the White House which means that today is jobs day the White House,” Biden said Wednesday.
In the short-term, however, the president took a series of actions regarded as adversarial by the fossil fuels industry, among them halting the issuance of new oil and natural gas drilling leases on federal lands. His administration seeks to leverage federal regulations and purchasing power to fight climate change.
Jan 27, 2021, 9:07 PM – Updated on Jan 27, 2021, 9:58 PM
Word Count: 974
(Bloomberg) “Today is climate day at the White House which means that today is jobs day the White House,” Biden said Wednesday, as he unveiled measures aimed at fulfilling a campaign pledge.
The announcement marked the latest in a series of executive actions intended to quickly reverse some of the more controversial policies of his predecessor, Donald Trump, who rejected calls to address global warming and pulled the U.S. from the Paris climate accord.
Even as he cited the potential long-term jobs gains, Biden also took actions regarded as adversarial by the fossil fuels industry, among them halting the issuance of new oil and natural gas drilling leases on federal lands prompting an early legal challenge from the energy industry. His administration seeks to leverage federal regulations and purchasing power to fight climate change.